Blog | Banking and Financial Services

Digital Sustainability: 5 Ways to Protect the Environment While Digitally Transforming

Read our article for 5 ways your company can protect the environment while digitally transforming.

JANUARY 04, 2018

On the outside, digital transformation can come off as self-serving. Sure, there are techniques and strategies that prove beneficial to a company’s customers, but digital transformation at its core is an opportunity to revamp business and organizational processes to improve a company’s bottom line. This is an inherently selfish act, right?

Actually, that couldn’t be further from the truth.

Sustainability plays a monumental role when it comes to digital transformation and is intertwined with many of the strategies that facilitate it. As more companies adopt digital transformation, opportunities are arising that could have tremendous alleviating impact on our planet.

5 Ways Your Company Can Protect the Environment While Digitally Transforming in 2018

It’s estimated that information and communication technologies could facilitate a 20% reduction in global carbon emissions by 2030. The Global e-Sustainability Initiative reinforces this claim, with their research showing digital technologies have huge potential to reverse the trend of high growth-high carbon.

A higher level of corporate social responsibility is something all companies should aspire to meet, especially as corporations move to the forefront of the sustainability movement while governmental environmental policies become increasingly tangled in bipartisan politics. 

While digital transformation allows companies to widely revamp their businesses to become more efficient, innovative and profitable, applying simple techniques can have profound sustainable benefits on the environment while costing next to nothing.

As more companies digitally transform, here are five sustainable strategies:

1. Go Circular

To truly capitalize on all natural resources, the move toward a more circular economy is a must. This means that collaboration between resource suppliers and partners across the entire value chain must be strong to extract as much value from resources for as long as possible. Businesses can start applying circular economy pillars to their digital transformation strategies by creating new collaborative platforms that better link buyers to sellers (like Brightstar’s TradeIn recycling program), offering services based on leftover existing assets (i.e. logistics crowdsourcing their warehousing) and constructing products that are recyclable or reusable in nature (example: selling by-products to waste-to-energy plants).

2. Put Your Head (and Files) in the Cloud

Adopting cloud storage and digital file management tools greatly eliminates the waste that comes from paper, saves you on traditional storage costs and provides more secure file management. Get the ease and security of instant document access by using the cloud, while saving trees in the process – it’s a win-win for everyone!

3. Prioritize Transparency

Emerging technologies like IoT and blockchain are great tools for better managing your supply chain and can be leveraged to improve sustainability and reduce carbon footprints. How so? By automatically tracking the quality of suppliers, vendors and end-products remotely, and more efficiently planning production schedules, maintenance tickets and shipping routes to maximize both resources and time. For example, Nike invented an environment scenario tool that assesses the environmental and financial impact of changes to its supply chain. This corporate sustainability scorecard allows the iconic athletic brand to be fully transparent in how their business operations impact the environment.

4. Get Energy Smart with Tech

Smart, interconnected technologies like IoT, intelligent automation and machine learning tools rake in energy saving benefits, especially for energy guzzling facilities like data centers. In fact, Google cut the cooling bill for its data centers by 40 percent using automation and machine learning technology.

5. Set Sustainability Guidelines

While digital transformation greatly reduces the amount of physical waste and carbon emissions, it can still lead to an avalanche of wasted energy. Setting up simple guidelines and best practices for the disposal of any e-waste that may result from digital transformation efforts will show your company is thinking responsibly about how it’s revamping its processes. Additionally, explore sourcing clean energy and improving the efficiency of data centers (as Google did) to further embody a sustainable state of mind.

Enhance CX. Drive Growth and Reduce Costs.

Sutherland Editorial


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